Monday, June 10, 2013

06/10/13 Monday Watchlist (8 stocks)

Market SeasonMidrange
Swing StrategyBig dip buy and hold (earnings winners only)
Current Sentiment:
Bullish consolidation. The market seems to have bottomed and slightly bullish. We may be in for more of the same as it tries to continue its breakout.


Call Option: These are all recent earnings winners that are set to breakout.
AEGR - is squeezing more shorts as it hangs about 74 for supp and is set to make another move esp if market continues bullishness. This is a potential buy as early as today
WAGE - is bottoming off ema50 and could rebound from here. shoulda bought calls at the ema50 but I will look for the 32 breakout instead.

Long Stock:
EAC - is behaving just as I called it, bottoming at 24 and spiking thru res in the 26s. Now it has no res til 28 then 30. I sold into the big run as i said i would. Still a potential rebuy when it patterns to b/o into new 52wk highs.
HNR - is an earnings winner that i'm watching. The chart is nothing to be excited about but it has 20% shares short which could squeeze into a rebound. I am only interested in a 4.0 b/o but I may scalp on the way.
IMMU - is a recent earnings winner that has been moving on momentum and could spike more in the short and medium term. It's a bit extended so I wouldn't be too quick to buy and hold as it could dip if it fails supp at 4, but there is key supp at 3.9.
RFIL - is a former earnings winner that I've been watching since earnings back in March. It has finally repatterned for another breakout move into all-time highs as early as this week. 7.1/7.2 is key res zone.

Short Stock:
BIOD - Is now down 70cents from my alert when it topped at 4.9. Under 4.3 key res, this has 50cents more potnetial dowside. I'm taking a risky o/n position short at 4.25 (just 400shares) as Monday's are known for PR/news, however without PR/new the rewards are pretty good.
NVTL - this stock is crap and spiking without news or any catalyst besides a slight earnings growth. This is mid-breakout so i wouldnt short too soon. It could spike as high as 5 before topping but is scalpable along the way on both the short and long side.. I am short-biased but will buy any perfect breakouts for scalps.

q2q- quarter-to-quarter
res - resistance
supp - support
b/o - breakout
scalp - to enter/exit a trade relatively quickly and for small gains.

No comments:

Post a Comment